Gloom Boom Doom thread

[bbc.reporter]

It appears that after this announcement from Goldman Sachs, the gloom and doom might begin to disappear and there will be an opportunity for the boom that will certainly cause a pump on the market hehehe. However, we should certainly wish that this Kamala Harris will not continue the anticrypto campaign of the Biden administration because it is speculated that Harris might continue this after hiring the participants of Operation Chokepoint 2.0 in her team.



Goldman Sachs Group economists lowered the probability of a US recession in the next year to 20 per cent from 25 per cent, citing last week’s retail sales and jobless claims data.

If the August jobs report set for release on Sept 6 “looks reasonably good, we would probably cut our recession probability back to 15 per cent, where it stood for almost a year” before a revision on Aug 2, said the Goldman economists led by Mr Jan Hatzius in a report to clients on Aug 17.

A flurry of data showing US economic resilience drove stocks to their best week in 2024, with dip buyers stepping in after a recent rout. The value of retail sales increased in July by the most since early 2023. Separate government figures showed the fewest applications for unemployment benefits last week since early July.

Read in full https://www.straitstimes.com/business/goldman-cuts-us-recession-risk-following-retail-sales-jobs-data

[aoluain]

I recon we are about 10 to 12 months too early to be calling Gloom and Doom,
before that we should have Boom!

Bitcoin moves forward like its powered by TNT not any normal fuel.   Thats my impression since 2017 when the Chinese government banned Bitcoin and the price fell massively, not the greatest surprise but the truly amazing thing was how it came back from that not just a little but explosively.   Upto the end of 2017 was more then a little surprising in all its twists and turns, a year earlier I had sold some BTC for well under 1k


We're nowhere near those prices and probably wont ever be again but I have to learn the lessons of just how volatile BTC can be, or I'll just repeat my mistakes but I hope not.

Without checking and from what I remember we topped out at $19k in 2017
or early January - cant remember. There was definitely profit taking after that
and it might happen again next year - thats the doom and gloom.

It appears that after this announcement from Goldman Sachs, the gloom and doom might begin to disappear and there will be an opportunity for the boom that will certainly cause a pump on the market hehehe. However, we should certainly wish that this Kamala Harris will not continue the anticrypto campaign of the Biden administration because it is speculated that Harris might continue this after hiring the participants of Operation Chokepoint 2.0 in her team.



Goldman Sachs Group economists lowered the probability of a US recession in the next year to 20 per cent from 25 per cent, citing last week’s retail sales and jobless claims data.

If the August jobs report set for release on Sept 6 “looks reasonably good, we would probably cut our recession probability back to 15 per cent, where it stood for almost a year” before a revision on Aug 2, said the Goldman economists led by Mr Jan Hatzius in a report to clients on Aug 17.

A flurry of data showing US economic resilience drove stocks to their best week in 2024, with dip buyers stepping in after a recent rout. The value of retail sales increased in July by the most since early 2023. Separate government figures showed the fewest applications for unemployment benefits last week since early July.

Read in full https://www.straitstimes.com/business/goldman-cuts-us-recession-risk-following-retail-sales-jobs-data

Yes recession sentiment can have a lot of influence and Bitcoin hasnt to date been
in a recession period or global recession.

Its funny also how arguably the global markets are more than likely waiting
with baited breath on these US Jobs report!

[bbc.reporter]

News update! According to Matthew Sigel of the investment company VanEck, he speculates that all of the big dumping of bitcoin on everyone's faces has ended. He has also speculates that the recovery might be 1-3 months and they are buyers during this recovery period. This is certainly a boom news hehehehehehe.

https://m.youtube.com/watch?v=oglmmhpughg&si=gaQMaduDe7DVoGgc

[doomloop]

we are in the bull run so we shouldn't have this kind of gloom and doom although we might see from time to time price going in a correction and then maybe we are nervous to see as we are expecting a bull run.

Probably in the next year, we might all forgotten about it as the price might go up to $100,000. And it could be that this correction is just a precursor of what will be the market is. So from some $50,000->$150,000. But just good to see this kind of thread, not that it's negative, but something to look and then connecting the dots looking backwards.

No, I don't think we are at it because why is the price of Bitcoin which is the main driver of the bull run is still the same stuck in 60k dollars? It's like this value is already the norm for it. And if you are not aware yet, our last bull run was at 69k dollars, while the recent bull run which had occurred earlier this year is at 73k dollars (if I'm not mistaken). If let say we are in the bull run, that could count as as a boom but it is also possible for us to experience a gloom and that is when the bull run has already subsided.

The only one that is not possible would be the doom because it could mean that there is no more chance for us to see a recovery again. A correction won't be possible if without an increase in the price first or a bull run but before it occurs, we can expect a down movement. We shouldn't be nervous about it though.

In investing, we also need a courage so that we can continue what we already have started and also it would be better if we forgot a bad memory because it can only make us depressed. As far as I know, a correction is only a slight decline in the price but it was the dip or the bear market and how hard they are, are the ones that we can say that can act as a ' precursor '.

[OgNasty]

Sure seems like the gloom is running out. I’m so bullish now that most of the one time selling events are over, I get worried. Then I’ll come across a normie who trash talks Bitcoin and I feel a little better that there is still plenty of room to run. I just wonder where all the capital for the next bubble will come from. We’ll find out soon enough I guess.

[philipma1957]

Sure seems like the gloom is running out. I’m so bullish now that most of the one time selling events are over, I get worried. Then I’ll come across a normie who trash talks Bitcoin and I feel a little better that there is still plenty of room to run. I just wonder where all the capital for the next bubble will come from. We’ll find out soon enough I guess.

fed is cutting rates in sept.  so printer goes brrrrr.


but this is a doom thread.

so Putin nukes Ukraine due to Ukraine’s counter attack into russia 🇷🇺.

worldwide super sized market crashes.

[bbc.reporter]

Sure seems like the gloom is running out. I’m so bullish now that most of the one time selling events are over, I get worried. Then I’ll come across a normie who trash talks Bitcoin and I feel a little better that there is still plenty of room to run. I just wonder where all the capital for the next bubble will come from. We’ll find out soon enough I guess.

I very much agree. However, it also very much appears that there are many people in this community who remain to be not very bullish hehehe. Bitcoin is not very far from all time high and the cutting of rates has not yet begun.

@philipma1957. This is not only a thread for the gloom and the doom. There is also a boom mentioned in the title unless @STT implies that the boom is an explosion that will begin the doom heheheheh.